As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At Karyopharm Therapeutics (NASDAQ:KPTI), a filing with the SEC revealed that on Thursday, Director Barry E. Greene purchased 3,000 shares of KPTI, at a cost of $29.31 each, for a total investment of $87,938. Greene was up about 13.5% on the buy at the high point of today's trading session, with KPTI trading as high as $33.28 at last check today. Karyopharm Therapeutics is trading up about 10.9% on the day Tuesday. This buy marks the first one filed by Greene in the past year.
And also on Thursday, Chief Executive Officer Michelle Dipp bought $32,490 worth of OvaScience (OVAS), buying 1,000 shares at a cost of $32.49 each. Before this latest buy, Dipp purchased OVAS at 4 other times during the past year, for a total cost of $18,614 at an average of $11.28 per share. OvaScience is trading up about 2.9% on the day Tuesday. Dipp was up about 8.3% on the purchase at the high point of today's trading session, with OVAS trading as high as $35.20 in trading on Tuesday.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 9.5%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 9.5%.